61866 Rantoul, IL is a great place to live for those looking for a low-cost lifestyle. The 2 bedroom rent in this area is $950 - much lower than the US average of $1,430. Additionally, the Grocery Cost Index of 92 compared to the US average of 100 shows that groceries here are even cheaper than other parts of the country. For those considering a move to 61866 Rantoul, IL, this cost of living information can be very beneficial.
Local businesses such as banks, real estate companies, or grocery stores that operate in 61866 Rantoul could benefit from this cost of living information by using it to attract potential customers and convince them that their area is a more economical place to live and shop. These same organizations can also use the data to craft local incentives for customers seeking an affordable lifestyle with discounts on housing or groceries. By using this cost of living information to their advantage, these businesses and organizations could help grow their local economy and customer base.
Rantoul (zip 61866) has an unemployment rate of 5.0%. The US average is 6.0%.
Rantoul (zip 61866) has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Rantoul (zip 61866)
- The Sales Tax Rate for Rantoul (zip 61866) is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Rantoul (zip 61866) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Rantoul (zip 61866)
- The average income of a Rantoul (zip 61866) resident is $23,458 a year. The US average is $37,638 a year.
- The Median household income of a Rantoul (zip 61866) resident is $45,445 a year. The US average is $69,021 a year.